I would just like to thank you both once again for persuading me to take out critical health insurance in August 2016 no one knows what’s round the corner… I thought I had had my terrible hand dealt to me when I lost my son Alex in 2011, but it would appear not.

In September 2017 I went to hospital to get my IBS checked out as It was playing up I had a colonoscopy done which revealed that I had kidney cancer, thankfully it was caught early and purely found by accident, they removed my right kidney in October 2017. After recovering in bed for weeks I was due to go back to work on 1st December… two days before that I found a big lump in my left breast so again I got it checked long story short I had a mastectomy in jan 2018, I am now again recovering and having now had almost 6 months off work I am glad to say that the critical illness insurance paid out my mortgage in full, which has taken a massive added stress off of me.

Once again thank you for sorting that critical insurance out for me I cannot reiterate how important this is to have and would recommend if people can possibly afford to do this it is a must.

This just proves once again that using a broker means you get the right cover rather than just the cheapest cover. Contact us for a quote today for all life insurance and critical illness cover. 01277 630183

A fixed rate mortgage may seem simple at first, but this quick guide will ensure that you’re clued in on how this type of mortgage works, and how you can benefit from it.

Fixed rate mortgages ensure that you have a means of guaranteeing your mortgage payments over a set period of time. Fixed rate mortgages, in particular, only last for their initial, contracted period, which is typically from 1 year to 10 years. After this time, your mortgage switches over to a variable rate, which won’t give you the same kind of guarantee as the fixed rate does.

During the fixed rate period of your mortgage, your payments will remain the same, regardless of any changes in interest rates. You’ll be protected if the rates of your mortgage go up, and you won’t be expected to pay any more than you already do. Fixed rate mortgages also usually have an early repayment charge, so it’s best to keep that in mind if you’re thinking about repaying your mortgage before your fixed rate period ends. However, most fixed rate mortgages will allow you to make overpayments, though this amount usually only stretches to 10% of the balance still owed.

With a fixed rate mortgage, you’ll know exactly how much your monthly repayments will be for the duration of your mortgage period. Because of this, a fixed rate mortgage allows you to budget around the monthly payments you make for you mortgage, without any unexpected or larger payments towards what you owe.

When in a financial crisis or looking for some extra cash to help out in an unforeseen situation, most people have a tendency to rush into applying for the first loan they see, and, as a result, they end up spending much more money repaying that loan than they would if they’d shopped around for the best deal.

1. Look for a lender who offers a range of loans

Loan providers who only specialise in singular types of loans tend to not have a lot of knowledge when it comes to the various needs of a person looking to borrow.

Legally, you don’t need landlord insurance, but the majority of buy-to-let mortgages require that you do have it to protect your property. Being a landlord comes with risks that you wouldn’t have when living in your own home; if a tenant gets hurt because of a breech in health and safety, or something gets stolen because the property isn’t secure enough, you won’t be covered by standard home insurance.

Landlord insurance can also cover rehousing costs if the property becomes unliveable due to a fire or flood. The insurance will also cover the rent you’ll lose during the time your property isn’t viable. It’s a true reflection on how seriously you take your responsibilities to your property and your tenants.

Your insurance will cover you against unpredictable events, like civil disputes, vandalism, and earthquakes, and it will also cover you if your tenant injures themselves while living in your property. As a landlord, you need to be prepared for the worst, and hope for the best, which is why landlord insurance also covers accidental damage. You’ll be able to avoid the usual misfortunes that can come with an unprepared property that would otherwise severely affect your income from the housing you’re renting out.

There is no reason not to get landlord insurance when letting your properties. Even if you’re renting to your family members, landlord insurance would cover you against any damages that may occur, and it can even help towards legal costs from any arising tenant issues.

Critical illness insurance is a long-term policy that covers serious illnesses listed within the policy that you take out. If you were to be diagnosed with one of these illnesses, the policy would pay out a tax-free, one-off sum of money to you. Critical illness insurance shouldn’t be confused with life insurance cover; they are both very different policies. The payment from your critical illness cover can help pay for your mortgage, rent, any debt you may have, and home alterations for thing such as wheelchair access, should you require it.

If you don’t have enough savings to cover you, should you become disabled or seriously ill, critical illness insurance would be a good investment for you. You might not need it if you have enough money to fall back on, and could easily cover the expenses for bills, loans, and medical costs, alongside living costs.

You can spend the money you receive however you want to, which is perfect for lingering debts, or money concerns if you can’t work any longer. There is usually a list of specific conditions and outlines, as to what constitutes as a critical illness (according to your own policy), and how to meet the criteria for a pay-out. Some illnesses aren’t covered because they’re treatable, and therefore, shouldn’t affect your quality of life for a long period of time. Other illnesses can also be excluded based on their severity, for example, a mild stroke, which you can recover from without too much strain.

Finding a reliable solicitor can be tedious, to say the least, but with Central Mortgages, you’ve already found a firm that offers years of experience, and great connections with conveyancing companies in the UK.

But what is a Conveyancing Solicitor?

Well, whether you’re selling a property or buying your own, a conveyancing solicitor will be able to assist you in transferring the ownership deeds of one property to another person.

The average person doesn’t hold much knowledge or experience regarding the legal side of buying and selling a property, which can become a problem during transactions without the help of a professional conveyancer. They will, for all intents and purposes, be right next to you during every stage of a deed transfer, ensuring that nothing goes wrong, and that all contracts are being adhered to.

Conveyancing solicitors can also act on your behalf. Not only does this take a stress off of your shoulders, you wouldn’t have to be present at any meetings unless specifically requested to be. They can deal with other solicitors for you, negotiate for you, and all you need to do is focusing on moving into your new home.

By using one of Central Mortgages’ recommended conveyancers, you’ll be paired with a solicitor that is accessible, has a quick process, and boasts a first-class service of client satisfaction. You’ll retain dedicated contact with both Central Mortgages, and the firm that your conveyance solicitor represents. You’ll know from the start that you can have peace of mind.

Central Mortgages are an experienced mortgage broker in the finance industry. They offer a range of mortgage and insurance services with connections to other peer-to-peer lenders, and conveyancing solicitors that are all based in the UK.

Because they’re a mortgage broker, they are able to select from lenders, banks, building societies, and mortgage companies that aren’t directly available to customers. They are a necessary middle man that can make your financial endeavours much easier to cope with.

Central Mortgages was established back in 2001, and approximately 7 years later, they have helped hundreds of various clients throughout the UK. Their only offices are based in Essex, although they are quickly reached by other means of communication, and even have a dedicated online contact form for potential clients that wish to make an enquiry.

All of Central Mortgages’ advisors are Certificate in Mortgage Advice & Practice certified, and they commit themselves to providing you with the best possible service, and clear, simple advice that is easy for you to understand. It’s not your job to be a financial expert, but Central Mortgages can surely put you in touch with someone who is.

It doesn’t matter whether you’re looking for life insurance, a landlord concerned about fire and flooding damages, looking to change over the deeds of your property to another party, or you’re just after some quick-fire financial advice; Central Mortgages can help set you up with the best information, guidance, and some of the best solicitors in the field.

There’s an abundance of varying insurances available to individuals, and they are often shoved at us, without us really knowing what they are; just that we apparently need them.

Having insurance can guarantee a lot of things. It can keep your belongings safe, protect your family’s prospects in the case of your death, provide financial assistance, and can even help cover landlords against major issues that happen to their properties.

Central Mortgages offer several types of insurance:

Life Assurance. This insurance is designed to protect your mortgage or your family. It’s a contract between an insurance company and the insured person, which states that the insurer will pay a designated person a sum of money upon the death of the insured person. This sum of money is tax-free, and is usually taken out over a fixed term.

Critical Illness Cover. Upon the diagnosis of a specified illness, this insurance policy would also provide a tax-free sum of money. It takes Life Assurance insurance one step further, by covering critical illness, rather than just death. It some cases, it may be advised that you have both.

Buildings & Contents Cover. This insurance covers financial losses for major damage in the home caused by things like fire or flooding.

Landlords Insurance. Central Mortgages offer this specific insurance to Buy to Let landlords. You can apply for various stages of insurance cover – from basic fire and flood damage cover, to the more comprehensive buildings cover, which can cover legal costs and rent loss.

If you’re currently considering applying for a loan, the chances are that you’ve heard both the terms “personal loan” and “bridging loan” by now. Perhaps you’re looking at a bridging loan in place of an extensive mortgage, or as a stop-gag between two financial applications. Either way, the notion of a loan for a property has come up, and you’re having a hard time deciding what type of loan is best for you, especially when you’re debating the amount you need to borrow.

A bridging loan can be used for legal purposes, usually retaining to the purchase, repair, restoration, or investment in a property. They are a type of secured loan, wherein you need to provide substantial collateral to be able to receive the loan. Central Mortgages are partnered with first4commercial in regard to bridging loans, and the loans are available in a widespread financial range, with an APR starting from 0.45% per month to 2% per month.

Personal loans, on the other hand, don’t require the business or commercial requirements of a bridging loan. APR on personal loans is a little higher than bridging loans, ranging from 6.8% – 32.9%, with an average of 15.9%. This, of course, depends on how much you borrow. With Central Mortgages, you can borrow a secured loan of between £5,000 and £150,000, or an unsecured loan of up to £10,000. Both types of loans have their own advantages, though a secured loan is similar to a bridging loan, and has similar requirements for applicants.

It is basically, a protection according to which it will pay out an entirety of cash, in case you are out of work and unable to earn, because of sickness, mishap, demise or joblessness. It will allow you to cover your periodic reimbursements on contracts, advances, credit/store cards or index installments, mortgages etc. You don’t have to buy payment protection. There are a number of lenders who offer you this kind of policy, when you initially apply for a loan.

Benefits of mortgage payment protection

Higher acceptance rates:

There are very fewer chances of a protection supplier, and insurance provider who would turn you down for contract security protection. As we all know that most individuals are depending on their life or handicap protection and insurance, to take care of these costs. A few people also experience difficulty in getting extra security, in light of their age or prior restorative conditions. To secure your family’s standard of living, the mortgage payment protection would be a great deal of action.

Peace of Mind:

People often go with many of the insurance policies, although they are not sure if they would even be able to use it or not. But in case of the mortgage payment protection you are at a certain level of mental peace , because you know that if any of the bad incidents occur, for example, if you are fired from your job or you get into a sudden trouble or an accident, you would be getting the payments, so you do not need to stress about it.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Central Mortgages (Essex) Ltd will charge an upfront non-refundable fee of £199 and may charge an additional broker fee of up to 1%. Bridging finance and Commercial Mortgages are not regulated by the Financial Services Authority. Central Mortgages (Essex) Ltd is authorised and regulated by the Financial Conduct Authority FCA number 460448. Registered in England and Wales No. 00503846 Registered Office: 5 Alyssum Walk, Billericay Essex CM12 0SS. We are registered with the Information Commissioners Office under the Data Protection Act 1998 DPA no: Z1071637.

If you wish to register a complaint, please write to: Central Mortgages (Essex)Ltd . 5 Alyssum Walk, Billericay Essex CM12 0SS. Telephone 01277630183. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS). You can find out how to do this on the FOS’ website, www.financial-ombudsman.org.uk, or by contacting the FOS on 0800 023 4567.